Locksley Names Industry Veterans CEO and COO to Fast-Track its US Mine-to-Market Effort

Rhea-AI Summary

Locksley Resources (OTCQB: LKYRF) has appointed two industry veterans to key executive positions to accelerate its US antimony production strategy. Kerrie Matthews joins as CEO, bringing over 20 years of experience in major resource projects, including BHP's $3.8 billion South Flank Project and Iluka's $1.8 billion Eneabba Rare Earths Refinery.

Danny George has been named COO, bringing extensive global experience in project execution across mining, energy, and infrastructure sectors. The appointments aim to advance the Desert Antimony Mine in Mojave and establish large-scale commercial antimony processing capacity in the US. Additionally, Technical Director Julian Woodcook has resigned but will continue as a technical consultant.

Positive

• Strategic appointments of experienced executives with major project delivery expertise
• CEO's background includes management of multi-billion dollar mining projects
• Development of first large-scale commercial antimony processing capacity in US
• Continued technical guidance from former Technical Director as consultant
• Strategic collaboration with Rice University for antimony processing technology

Negative

• Loss of Technical Director from board position
• Significant capital investment likely required for processing facility development

News Market Reaction

-11.11%

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-11.11% News Effect

On the day this news was published, LKYRF declined 11.11%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

SAN BERNARDINO, Calif., Sept. 25, 2025 /PRNewswire/ -- Locksley Resources Limited (ASX: LKY; OTCQB: LKYRF) announced the appointment of Kerrie Matthews as Chief Executive Officer (CEO) and Danny George as Chief Operating Officer (COO) of the company. The appointments are newly-created positions and significantly strengthen the company's executive leadership team at a pivotal time as Locksley advances the Desert Antimony Mine in Mojave. The two bring skill sets that can lead the company as it accelerates downstream processing and fast-tracks its mine-to-market solutions for antimony in the U.S. More information is available here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02998095-6A1285815&v=c2533a54e2514fb77a8f93f84db686e1125273e9

"The combined backgrounds of these two individuals in critical minerals, major project delivery and contract mining enable Locksley to address one of the most pressing US supply constraints: the absence of large-scale commercial antimony processing capacity," said Pat Burke, chairman of Locksley. "Their appointments significantly enhance our executive capability at a pivotal moment for Locksley, supporting our strategy to transform the historic Desert Antimony Mine into a modern, fully integrated mine-to-market supply chain for 100% Made in America Antimony."

Ms. Matthews is a highly accomplished executive leader with more than two decades of experience delivering significant and capital-intensive projects in the resources and infrastructure sectors. She has held leadership roles in the execution of BHP's US$3.8 billion South Flank Project and Iluka's A$1.8 billion Eneabba Rare Earths Refinery, Australia's first fully integrated rare earths refinery. She brings extensive expertise in governance, stakeholder alignment, cost optimization and regulatory engagement, alongside her proven record of aligning large scale projects with both commercial and government priorities.

Mr. George is an experienced senior executive with a global background spanning all phases of project execution across mining, energy and infrastructure. His past experience includes major projects with WSP, Fortescue, Mineral Resources, Thyssenkrupp and Ausenco, working with leading companies such as Vale, BHP and Hancock Prospecting. His track record includes copper and lithium concentrators, iron ore and coal export facilities, as well as emerging technology projects in hydrogen and green iron. His technical breadth and expertise in rapid project delivery, capital efficiency and large-scale project execution provide Locksley with the operational discipline and agility required to advance the Desert Antimony Mine project on an accelerated schedule.

The company also announced that Julian Woodcook has resigned as technical director to focus on his Managing Director role at Viking Mines Ltd. He has been instrumental in the rapid advancement of the Company's Mojave Project and will continue to offer strategic guidance to the company in a technical consulting capacity.

Locksley Resources (https://www.locksleyresources.com.au) is an Australian-based explorer focused on critical minerals and base metals, with assets in both the U.S. and Australia. The company is actively advancing its U.S. Asset, the Mojave Project, in California, targeting rare earths elements (REE) and antimony (The Desert Antimony Mine). The company also has a strategic collaboration with Rice University to develop DeepSolv™ for domestic processing of North American antimony. This agreement is a cornerstone of Locksley's U.S. Critical Minerals and Energy Resilience Strategy to accelerate "mine-to-market" deployment of antimony in the U.S.

Contact: Beverly Jedynak, beverly.jedynak@viriathus.com, 312-943-1123; 773-350-5793 (cell)

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SOURCE Locksley Resources

FAQ

Who are the new CEO and COO of Locksley Resources (LKYRF)?

Kerrie Matthews has been appointed as CEO, and Danny George as COO. Matthews brings over 20 years of experience in major resource projects, while George has extensive global experience in project execution across mining, energy, and infrastructure sectors.

What is Locksley Resources' plan for antimony production in the US?

Locksley Resources plans to transform the historic Desert Antimony Mine into a modern, fully integrated mine-to-market supply chain for 100% Made in America Antimony, including developing large-scale commercial antimony processing capacity.

What major projects has Locksley's new CEO Kerrie Matthews worked on?

Matthews has held leadership roles in BHP's $3.8 billion South Flank Project and Iluka's $1.8 billion Eneabba Rare Earths Refinery, Australia's first fully integrated rare earths refinery.

What is Locksley's collaboration with Rice University?

Locksley has a strategic collaboration with Rice University to develop DeepSolv™, a technology for domestic processing of North American antimony, as part of their US Critical Minerals and Energy Resilience Strategy.

What happened to Locksley's Technical Director Julian Woodcook?

Julian Woodcook has resigned as Technical Director to focus on his Managing Director role at Viking Mines Ltd., but will continue to provide strategic guidance to Locksley in a technical consulting capacity.